|DAVID L. RYAN/GLOBE STAFF|
Bingyi Chen, a Chinese immigrant who lives in Concord, has bought at least 16 units at the new Millennium Tower for $15.6 million — all in cash.
By Tim Logan GLOBE STAFF AUGUST 30, 2016
For proof that Boston has become a luxury housing mecca for wealthy people from around the world, look no farther than Downtown Crossing.
At the high-end Millennium Tower, buyers have come from Greece, Hong Kong, and the Middle East, scooping up condos two or three apiece. There’s a real estate executive in San Francisco who markets luxury US properties in Asia, and claims on her website that she’s sold 7 percent of the tower — roughly 30 units.
And then there’s the recent immigrant from China, Bingyi Chen, who lives in a modest townhouse in Concord and has bought at least 16 condos on behalf of investors in his native country, according to property records and his real estate agent. He paid $15.6 million in total. All cash.